This offer has expired and is only listed for reference.

Bank, Budget and Earn Up to $400 with qualifying activities.


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How to earn a $200 or $400 bonus

Earn $200 Earn $400
1 Apply for a new Simple Account by 3/15/2020 4:59 PM PT. Apply for a new Simple Account by 3/15/2020 4:59 PM PT.
2 Deposit(s) totaling $10,000 or more must post to the new Account by 15 calendar days after enrollment 4:59 PM PT. Deposit(s) totaling $20,000 or more must post to the new Account by 15 calendar days after enrollment 4:59 PM PT.
3 Maintain a balance of at least $10,000 through 5/31/2020 4:59 PM PT. Maintain a balance of at least $20,000 through 5/31/2020 4:59 PM PT.
Things you should know
    • Qualifying customers will receive the bonus credit to their Simple Account by 6/15/2020 4:59 PM PT.
    • Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 0.60% APY and keep it safe from spending. Then we’ll use the combined balance between your Simple Account and Protected Goals Account to calculate your eligibility for the bonus.
    • Balances in Shared Accounts and Shared Protected Goals Accounts are excluded from the combined balance calculation.
    • Balances in all Simple accounts are FDIC insured up to the legal limits.



Benefits Of Your New Simple Account

Every aspect of a Simple Checking Account is optimized for branchless, online banking, so you have access to each feature wherever you happen to be, whenever you happen to need them.

Without setting foot in a bank (or a bank stuffed into an ill-fitting mobile app), have constant access to:

  • Visa® Debit Card
  • Deposits are FDIC insured up to the legal limit
  • Built-in budgeting and saving tools
  • No Monthly Fees
  • Instant transfers to other Simple customers
  • Third-party payment services like Square, Venmo, and Paypal
  • Block your card online if it’s been lost or stolen

Open A Protected Goals Account to Earn A Competitive APY

A Protected Goals Account is designed to help you save in a separate high-yield checking account. After creating your Simple Account, you can open a Protected Goals Account, from the Goals tab.

  • Tap 'Start a Savings Goal'
  • Choose your funding method
  • Review your summary and when you're ready, tap "Create Savings Goal"
  • Once opened, you'll find your new Savings Goal listed under your Goals tab
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Depositing Money Into Your Simple Account

There are lots of ways to get money into Simple, and the best one depends a lot on the situation. Here's a quick overview of the options:

  • Transfer from another bank account
  • Direct deposit
  • Checks
  • Wire transfers
  • Third-party services
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Simple wall

Like a bank, but Simple

Banking shouldn’t be complicated. Or unfriendly. We don’t profit from customer confusion. We wake up every day excited to help our customers feel more confident with their money.

Frequently Asked Questions

How do I qualify for the $200 Bonus?

To qualify, you must complete the following:

  1. Apply for a new Simple Account between 2/29/20 5:00PM PT and 3/15/20 4:59PM PT.
  2. Deposit(s) totaling $10,000 or more must post to the new account by 4:59PM PT 15 days after the account is opened.
  3. Maintain a balance of at least $10,000 through 5/31/20 4:59 PM PT.

Qualifying customers will receive the bonus credit into the eligible Simple account by 6/15/2020 at 4:59pm PT.

How do I qualify for the $400 bonus?

To qualify, you must complete the following:

  1. Apply for a new Simple Account between 2/29/20 5:00PM PT and 3/15/20 4:59PM PT.
  2. Deposit(s) totaling $20,000 or more must post to the new account by 4:59PM PT 15 days after the account is opened.
  3. Maintain a balance of at least $20,000 through 5/31/20 4:59 PM PT.

Qualifying customers will receive the bonus credit into the eligible Simple account by 6/15/2020 at 4:59pm PT.

How do I earn 0.60% APY?

Balances in your Simple Account earn 0.01% APY. You can also open an Individual Protected Goals Account to earn up to 0.60% APY and keep it safe from spending. We’ll use the combined balance between your Simple Account and Individual Protected Goals Account to calculate your eligibility for the bonus.

To learn more about how to open an Individual Protected Goals Account, click here.

Can I move funds from my Simple Account to my Protected Goals Account and still qualify for the bonus?

Yes. We’ll use the combined balance between your Simple Account and Individual Protected Goals Account to calculate your eligibility for the bonus. This means that you can keep some or all of the balance in your Simple Account or your Individual Protected Goals Account. As long as the total between the two accounts meets or exceeds the offer requirements, you’re eligible for the bonus.

Are Shared Accounts eligible for the Bonus?

No, you must apply for a Simple Account and meet other qualifying activities to be eligible for the bonus.

Applying for a new Individual Protected Goals Account, Shared Account or Shared Protected Goals Account does not qualify you for the bonus.

If I previously closed my Simple Account, could I still qualify?

No. This offer is for new accounts only.

Are there any fees associated with holding any accounts at Simple?

Although you may encounter fees while using your Simple Account, Simple will not charge you any maintenance fees for holding the account. For more information, please consult our Schedule of Fees here and here.

How do I transfer money in/out of Simple?

Here are some ways to get money into Simple, more information here:

  • Transfers from another bank account
  • Direct deposit
  • Mobile check deposits
  • Incoming wire transfers
  • Third party services (ex. Paypal, Venmo, Squarecash)

Here are ways to get money out of Simple:

  • Debit card transactions
  • ATM
  • Transfers to another bank account
  • Paper checks
  • Third party services
What are my transfer limits?

Transfer limits vary and are based on a variety of factors. Once you’ve linked your external account, give us a call at 888-248-0632 or send us a support message to find out your limits.

Does Simple accept Wires?

Your Simple account can receive both domestic and international wires. Simple does not charge a fee to receive a wire. The sending bank and any intermediary banks (which some sending banks will use to process international wires) will typically charge a fee.

We're not able to wire funds from a Simple account, but you can electronically transfer funds to banks electronically by linking an External Account. You can also use a third-party payment service to wire funds from your Simple Account.

Offer Disclosure:

Qualifying customers will receive the bonus credit to their Simple Account by 6/15/2020 4:59 PM PT.

Accounts must be open and in good standing with a balance greater than or equal to $0.00 at the time of the bonus credit.

Maximum of one (1) $400 bonus OR one (1) $200 bonus per customer.

‭BBVA USA may report the value of the bonus to the IRS as ‭required by law. Any client whose tax status would require BBVA USA to impose tax withholding of any ‭sort will not be eligible for this bonus.

Offer may be modified or withdrawn without notice.

Balances in your Simple Account earn 0.01% APY. Also open an Individual Protected Goals Account to earn up to 0.60% APY and keep it safe from spending. Then we’ll use the combined balance between your Simple Account and Protected Goals Account to calculate your eligibility for the bonus.

The following customers and accounts are excluded from this promotion: Customers with any Simple Account opened before 2/29/2020 4:00 PM PT do not qualify.

Balances in Shared Accounts and Shared Protected Goals Accounts are excluded from the combined balance calculation.

Simple employees are ineligible for this promotion.

The finest print: The rates are effective as of October 15, 2020, are variable and subject to change after the account is opened. Accounts subject to approval. Balances in your Simple Account earn 0.00% Annual Percentage Yield. In order to open a Protected Goals Account, you must already have a Simple Account open. For the Protected Goals Account, see the rates below.

Daily Collected Balances

This means that we use the account’s
end of day balance to calculate the interest earned that day. 		APY
$0.01 to $1,999.99 0.60%
$2,000 to $4,999.99 0.60%
$5,000 to $9,999.99 0.60%
$10,000 to $14,999.99 0.60%
$15,000 to $19,999.99 0.60%
$20,000 and above 0.60%

1 Check it out for yourself (based on the October 5, 2020 National Rate): https://www.fdic.gov/regulations/resources/rates/

Important! Keep your account safe from fraud

As fraud attempts are on the rise recently — especially related to unemployment funds — help us keep your account safe by following these guidelines.

Use your Simple Account only for your own personal use. Don’t share your account with others or receive funds on behalf of third parties.

Don’t share your username or password with others. Never give out your login information. Simple will never ask you to tell us your password — if any third party makes such a request, it’s an attempt at fraud.

Don’t open an account at someone else’s request. If someone else asks you to open a Simple Account — such as a real estate company, prospective employer, or someone you met online — it is likely an attempt at fraud.

Be alert for unemployment insurance fraud. You may be violating the law and the terms of your Simple Account if you receive deposits of unemployment funds on behalf of someone else. There are state and federal penalties for unemployment insurance fraud (including potential fines and incarceration). If you suspect you are a victim of unemployment fraud, contact the appropriate state fraud hotline listed here.

Don’t receive funds on behalf of a third party. Keep in mind that receiving funds on behalf of a third party violates the terms and conditions of your Simple Account; in such instances, we may restrict and/or close your account and hold the funds while we await direction from enforcement agencies.

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